Co-Vents Inc

EIN: 850607184 501(c)(3)

Parker, CO

Total Revenue
$215,511
Total Expenses
$182,787
Total Assets
$40,414
Net Assets
$32,724
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CO
Principal Officer
Michael Raymer
Phone
2068908842
Tax Period
2020-04-03 to 2020-12-31

Co-Vents Inc, founded in 2020, is a small nonprofit that reported $216K in total revenue in fiscal year 2020. The organization ran a surplus of $33K, a strong 15% operating margin.

Mission

To save the lives of COVID-19 patients by growing the supply of ventilators in the United States.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $251,282
Program Service Revenue $0
Investment Income $0
Other Revenue $-35,771
TOTAL REVENUE $215,511

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,665
Fundraising Expenses $0
Program Expenses $120,547
Other Expenses $101,122
TOTAL EXPENSES $182,787

Year-over-Year Comparison

2020 2019 Change
Revenue $215,511 N/A N/A
Expenses $182,787 N/A N/A
Net Income $32,724 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$81,665
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul Woodring Chief Executive Officer 20.00
Officer
$16,333 $0 $16,333
Michael Raymer President 20.00
Officer
$16,333 $0 $16,333
William Furniss Chief Operating Officer 30.00
Officer
$16,333 $0 $16,333
Gary McAndrew Director of Ventilator Sourcing 30.00
Officer
$16,333 $0 $16,333
Richard Ellis Director of Refurbishment 20.00
Officer
$16,333 $0 $16,333
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $215,511 $182,787 $40,414 $32,724
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